Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against YPF
LOS ANGELES -- March 25, 2013
Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed in the United States District Court for the Southern District of New
York on behalf of a class (the “Class”) comprising all purchasers of the
American Depositary Shares of YPF Sociedad Anonima (“YPF” or the “Company”)
(NYSE:YPF) pursuant and/or traceable to the Company’s March 23, 2011 offering.
The Complaint alleges that the Registration Statement filed with the
Securities and Exchange Commission in connection with the March 23, 2011
offering was materially false and misleading.
YPF engages in the exploration, development and production of crude oil,
natural gas and liquefied petroleum gas (LPG) in Argentina. The Company is
involved also in refining, marketing, transporting and distributing oil and
petroleum products, petroleum derivatives, petrochemicals, LPG and bio-fuels.
The investigation is related to allegations that the Registration Statement
misrepresented or failed to disclose that: (1) the Company faced a risk of
nationalization by the Argentinean government; (2) the risk of nationalization
had increased as a result of the Company’s failure to adequately produce oil
and gas within Argentina and reinvest a substantial portion of its profits
back into the Company and its operations; (3) the Company was in breach of its
concession contracts with various Argentinean provinces; and (4)
nationalization by the Argentinean government would likely have a severe
adverse effect on shareholders and on the Company’s market value.
If you are a member of the Class described above, you may move the Court, no
later than April 6, 2013 to serve as lead plaintiff; however, you must meet
certain legal requirements. If you wish to learn more about this action or
have any questions concerning this Notice or your rights or interests with
respect to these matters, please contact Michael Goldberg, Esquire, of Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, by telephone at (310) 201-9150 or Toll Free at (888)
773-9224, by e-mail to firstname.lastname@example.org, or visit our website at
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP, Los Angeles, CA
(310) 201-9150 or (888) 773-9224
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